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Cox Automotive Makes Bold Move with Subscription Services 09/12/2018 CBT Automotive is speaking today with Cox Automotive members: Joe George, president of Mobility Solutions, David Liniado, vice president of New Growth and Development, and Vince Zappa, president of Clutch Technologies to discuss the future of the automotive industry, and find out what consumers really want. Cox Automotive is expanding their business model to include a new branch of the automotive industry, vehicle subscription services. By acquiring… Read Article

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Auto Inventory Levels Reach New Lows Amid Strong August Sales 09/07/2020 CBT News, Sept. 7, 2020 – Inventory is scarce right now, that’s no secret, and the used car market has been hit especially hard. This has left many dealers wondering how and when their pre-COVID inventory levels will return. Watch this episode to learn about the current state of inventory supply and the impact it will have on the industry over time from Michelle Krebs, executive… Read Article

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Restocking Dealer Lots a Tough Task for Industry 08/17/2020 Ed Sheehy, the longtime president of Southeast Toyota Distributors, has every right to yell it from the rooftops: He told you so. Relatively strong retail sales and continued production hiccups from COVID-19 have pushed new-vehicle inventories nationwide down to just 2.3 million vehicles, according to figures tabulated by Cox Automotive and confirmed by the Automotive News Data Center. It's the lowest nationwide inventory level since November… Read Article

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2 Straight Months of Record Wholesale Prices; What’s Next? 08/07/2020 Auto Remarketing, Aug. 11, 2020 – This metric measuring wholesale used-car prices has now hit all-time highs for two straight months, as a near 6% sequential lift in wholesale values pushed the index to 158.0, according to parent company Cox Automotive. That reading beats year-ago figures by 12.5% and is nearly nine points higher than the previous record of 149.3 set in June. In an analysis… Read Article

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Toyota, Honda, Kia Rally Continues; Hyundai Posts 1st Gain since Feb. 08/04/2020 Automotive News, Aug. 4, 2020 – Toyota Motor Corp., American Honda and Kia in July posted their smallest U.S. sales declines since the coronavirus outbreak took hold and four brands chalked up increases, signaling the market continues to recover from the pandemic. Volume fell 19 percent at Toyota Motor, 11 percent at America Honda and 1.7 percent at Kia, the companies said Monday. Meanwhile, July sales… Read Article

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Pickup, Light-Truck Supplies Get Skimpy 07/14/2020 Automotive News, July 13, 2020 – Even with fleet sales still blunted by the lingering effects of COVID-19 on daily rental-car companies and most production in North America recovering, auto industry inventories continued to tighten in June, especially in light trucks and among certain automakers. Cox Automotive estimates that total U.S. inventory dropped to 2.55 million vehicles to start July, representing a 70-day supply at current… Read Article

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Tough Time for Dealers Seeking Inventory as Wholesale Values Soar 07/13/2020 Automotive News, July 13, 2020 – As new-vehicle inventory at dealerships wanes across the U.S., more shoppers are turning to used cars, leading to record-high auction prices as dealers scramble to replenish their stocks. For the wholesale market, it marks a quick snap back from a steep decline in the spring. And while dealers now have no problem unloading vehicles at auction, obtaining used vehicles they can sell… Read Article

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Summer Sales Forecast for Auto Retail – Charlie Chesbrough, Cox Automotive 07/10/2020 CBT News, July 10, 2020 – Cautious optimism is the sentiment many dealers are feeling as the auto retail industry settles into Q3. After strong showings for sales, considering the challenges, in May and June, some experts say that the boom from pent up demand will slowly fade. Others, however, are predicting an aggressive recovery through the end of the year due to an increase in… Read Article

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vAuto’s Brian Finkelmeyer Discusses New Car Market Insights and Inventory Strategies 07/01/2020 CBT News, July 1, 2020 -- Dealers are facing a unique situation in many markets, where consumer demand is actually higher than supply according to Cox Automotive's Bureau of Economic Analysis and Wards Automotive data. In fact, in this past May, non-fleet sales increased 63 percent after bottoming out in April. Brian Finkelmeyer, senior director of new car solutions at vAuto, joins Jim Fitzpatrick to break… Read Article

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Margin for Error Just Got Smaller in New-Car Operations 06/29/2020 WardsAuto, June 29, 2020 – The U.S. consumer and economy are returning to some semblance of normalcy, but the new-car business is likely to be anything but normal for the foreseeable future. Dealers are facing a rare situation in many markets: Consumer demand is higher than supply. Online shopping metrics are off the charts across various Cox Automotive properties, such as Autotrader and Kelley Blue Book, as… Read Article

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Inventory Drops Off as Buyers Return 06/15/2020 Automotive News, June 15, 2020 – Automaker and dealer inventories fell sharply in May as retail sales recovered from their late March lows and production continued to ramp up after lengthy stoppages. While most automakers declined to report their inventory figures, those that did saw steep declines in their days' supply to start June, thanks in large part to a much stronger daily sales rate in… Read Article

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